Mr. John Trethowan:

To be fair, I have always referred to restructuring as part of the figure. I looked at the reports over the weekend and restructuring was always mentioned in these figures. I know this is of great interest and it is not best understood. If we were not measuring the level of re-financing and restructuring activity, no one else would be looking at this in the round. The Central Bank is only looking at drawn down balances in its official reporting. This is the monitoring of bank activity. If the banks were not being monitored on the level of restructuring and we started to lose a lot of SME businesses because they were being liquidated and were being encouraged to re-finance

then the banks would no longer lend to SMEs. It is important that someone is looking at that issue in the round.